Motherson Sumi Systems said that its subsidiary Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has closed the acquisition of a majority stake in Nanchang JMCG Mekra Lang Vehicle Mirror by Ningbo SMR Huaxiang Automotive Mirrors Ltd. (SMR NBHX). SMR NBHX is a 50:50 joint venture in China between its subsidiary Samvardhana Motherson Reflectec (SMR) and […]
Motherson Sumi Systems Limited (MSSL) said that it has acquired a 55% stake in CIM Tools Private Limited, a Bengaluru-based supplier in the aerospace supply chain. The transaction marks the foray of the Indian automotive component manufacturer into the aerospace industry in line with its growth strategy to enter into the non-automotive sectors as outlined […]
Motherson Sumi Systems Limited (MSSL) said that it has wrapped up the acquisition of the electrical wiring interconnection systems (EWIS) business of Bombardier Transportation in Huehuetoca, Mexico. The acquisition valued at about $10 million was announced in October 2020 by the Indian automotive component manufacturer. It was executed by the company’s Mexican subsidiary – Motherson […]